Financial Reporting in European Football Teams: A Sustainable Analysis of Player Registrations

Amelio, S, Gazzola, P and Papagiannis, F
(2020)
Financial Reporting in European Football Teams: A Sustainable Analysis of Player Registrations.
International Journal of Academic Research in Accounting, Finance and Management Sciences, 9 (4).
pp. 182-206.
ISSN 2225-8329

Abstract

Purpose – The aim of the paper is to critically analyze sustainable reporting and transparent valuation of the impairment test application (IAS 36) on intangible assets (IAS 38) in football clubs that prepare financial statements in accordance with IAS/IFRS. Design/methodology/approach – By advancing an analysis of financial statements, the paper examines 13 companies listed on the STOXX Europe Football Index. In particular, the financial statements of the selected football clubs were scrutinized for a five-year period (from 2012 to 2016), following a three-step procedure. The investigation was availed by the ruling of the UEFA Financial Fair Play Regulations (in September 2009) which has been subsequently implemented from 2011/2012.